Franklin Covey Co. (NYSE:FC) Sees Significant Increase in Short Interest

Franklin Covey Co. (NYSE:FC) was the recipient of a large increase in short interest during the month of January. As of January 31st, there was short interest totalling 415,000 shares, an increase of 29.2% from the January 15th total of 321,200 shares. Currently, 3.7% of the shares of the stock are sold short. Based on an average daily volume of 100,900 shares, the short-interest ratio is currently 4.1 days.

Hedge Funds Weigh In On Franklin Covey

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Barclays PLC boosted its position in Franklin Covey by 178.9% in the 3rd quarter. Barclays PLC now owns 33,499 shares of the business services provider’s stock valued at $1,379,000 after buying an additional 21,489 shares during the period. State Street Corp boosted its position in Franklin Covey by 2.4% in the 3rd quarter. State Street Corp now owns 255,328 shares of the business services provider’s stock valued at $10,502,000 after buying an additional 5,955 shares during the period. Harbor Capital Advisors Inc. boosted its position in Franklin Covey by 137.2% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 242,953 shares of the business services provider’s stock valued at $9,993,000 after buying an additional 140,537 shares during the period. Creative Planning purchased a new position in Franklin Covey in the 3rd quarter valued at approximately $301,000. Finally, BNP Paribas Financial Markets lifted its position in shares of Franklin Covey by 146.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 12,810 shares of the business services provider’s stock worth $527,000 after purchasing an additional 7,606 shares during the last quarter. Hedge funds and other institutional investors own 69.88% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on FC shares. Barrington Research restated an “outperform” rating and set a $45.00 price target on shares of Franklin Covey in a research report on Thursday, November 7th. StockNews.com downgraded shares of Franklin Covey from a “strong-buy” rating to a “buy” rating in a report on Monday, January 13th.

Franklin Covey Price Performance

FC stock traded down $0.86 during mid-day trading on Friday, reaching $34.80. The company’s stock had a trading volume of 105,622 shares, compared to its average volume of 132,521. The company’s 50 day moving average is $35.97 and its two-hundred day moving average is $38.13. The stock has a market cap of $459.15 million, a PE ratio of 23.67, a P/E/G ratio of 1.95 and a beta of 1.20. The company has a current ratio of 0.97, a quick ratio of 0.94 and a debt-to-equity ratio of 0.03. Franklin Covey has a fifty-two week low of $28.99 and a fifty-two week high of $44.46.

Franklin Covey (NYSE:FC) last announced its quarterly earnings results on Wednesday, January 8th. The business services provider reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.13). Franklin Covey had a return on equity of 25.23% and a net margin of 6.85%. Equities research analysts expect that Franklin Covey will post 0.97 EPS for the current year.

Franklin Covey Company Profile

Franklin Covey Co provides training and consulting services in the areas of execution, sales performance, productivity, customer loyalty, and educational improvement for organizations and individuals worldwide. The company operates through Direct Offices, International Licensees, and Education Practice segments.